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Comprehensive understanding of fraud in the banking: drivers, prevention, and mitigation.
This comprehensive course on fraud is designed to equip participants with the knowledge, skills, and understanding necessary to effectively identify, prevent, and mitigate fraud within their organizations.
Learners will develop a comprehensive understanding of fraud Its root causes and contributing factors, potential impact on a bank or financial institution's financial health, including its balance sheet and overall operational efficiency.
Learners will gain in-depth knowledge of the “Psychology of Fraud”, the internal and external 1. factors that increase an organization's vulnerability to fraud, diverse range of fraud schemes prevalent in the banking and financial sectors. The learners will have insight in various techniques for identifying and investigating frauds and effective implementation best practices for assessing, mitigating, and managing fraud risks within a banking or financial institution. to minimize fraud.
Emphasis will be on both theoretical understanding and practical application of these concepts within a real-world banking environment.
Module I
___Understanding Fraud_ *
Overview of Fraud ***
Types of Fraud ***
Implication of Non-Financial Frauds ***
Importance of proactive fraud detection ***
___Understanding Fraud Fundamentals_ *
* Fraud Triangle
* Assessment of fraud risk
* Detection of Fraud
* Corruption & Fraud
* Psychology of Fraud
* Summary
* Evaluation
Module II
___Identity Related Frauds_ *
* Purpose of Identity Related Frauds
* KYC & KYE
* Compromising process
___Liability Related Frauds_ *
* Purpose of Frauds
* Techniques used
* Compromising Process
* Summary
* Evaluation
Module III
___Credit Related Frauds_ *
* Purpose of Fraud
* Techniques used for Fraud
* Compromising Process
* Retail loans Fraud/Corporate loan Frauds
* Summary
* Evaluation
Module IV
___Security & Documentation Related Fraud_*
* Techniques of Fraud
* Compromising process
* Prevention and control
___Cyber Fraud_ *
* Techniques & types of Fraud
* Computer hacking
* Prevention and control
* Summary
* Evaluation
Module V
___Fraud Detection Methodology_ *
* Whistle Blowing
* Internal & External Audits
* Data Analytics
* Fraud Indicators
* Warning Signals
* Red Flag Alerts
* Forensic Audit
* Summary
* Evaluation
Module VI
___Developing a fraud risk management framework_ *
* Regulatory Perspective
* Prevention of Fraud
* Inculcating Ethical Compliance Culture
* Internal Control
* Follow-up action on detection of Fraud
* Summary
* Evaluation
___Final Evaluation_*